Several Presidential and Congressional task forces have
recommended the abolition of the alternative minimum tax (AMT).
Among the reasons often given has been the fact that more and more
middle-income taxpayers are being affected by this tax,
neutralizing some of the incentives Congress has created in the tax
system.
In your opinion, what was the original purpose for the AMT for
individual taxpayers? Is that purpose being met?
If it is being met, why would the task forces, among others,...